We are now in Day 93 of the Dodd Scandal and the Senator is trying to once again change the subject by an almost laughable reaction to the seizure of Fannie Mae and Freddie Mac by the federal government.

After surfacing briefly to lead a pathetic attack on Gov. Sarah Palin which completely revealed him to be another hack politician trying to be pertinent, Sen. Dodd took the bold step Sunday of issuing a press release in response to the U.S. Treasury decision to take direct control of the two mortgage insurers.

Sen. Dodd announced he would, you guessed it, hold hearings on the U.S. Treasury’s Sunday takeover of Fannie Mae and Freddie Mac.

According to Sen. Dodd: 

“There are still many unanswered questions about the Administration’s plan, and Americans deserve to know if this unprecedented proposal will help keep mortgages affordable, stabilize the markets, and protect taxpayer interests. ”

And, of course, this gem from the man who told us that Fannie and Freddie were solvent after being told – by – you guessed it – the lobbyists for Fannie and Freddie:

“Furthermore, we need to understand the circumstances which led the Administration to change course.  Just weeks ago, Secretary Paulson testified that he thought he would never use this authority – a message he reiterated until very recently.”

Circumstances? Circumstances? How about watching the stock fall 100 fathoms, or the market tank 300 points in one day or Washington Mutual’s CEO being taken out feet first. Don’t they have an international edition of the Wall Street Journal to read in Ireland?

This is classic Senate gasbag politics. Tell the people you will hold a hearing and have a civilized conversation as thousands of homeowners are kicked to the curb, home values plummet and taxpayers gird for subsidizing this disaster.

You can see the hearings now. Dodd will solemnly gavel the meeting to order. With furrowed brow, he will read a prepared statement, asking for a frank discussion of the issues at hand and hoping for immediate action to benefit the consumers.

As the witnesses testify, Dodd will look intently at the witness, with his hands clasped before him. Maybe he will don the reading glasses for emphasis before removing them to chew on the arm of his specs.

Then they will break for lunch.